The ASX started the final month of the year in positive territory, gaining momentum throughout the session, with Domino’s Pizza a standout performer. The S&P/ASX 200 (XJO) is Australia’s primary stock market index. Banks, mining and energy stocks dragged the Australian sharemarket lower but healthcare and some retail stocks gained ground. Find out more about our policy and your choices, including how to opt-out. Mining stocks drove the Australian sharemarket higher, helped by a strong lead from Wall Street, while a telco takeover target soared. 1992-2021 Data | 2022-2023 Forecast | Quote. Tech and healthcare stocks bounced back impressively after being the worst performers this week, while banks also helped drive the ASX higher. The ASX fell for the first time in eight days, with analysts saying that was bound to happen after a strong winning streak. New data centre opened at Gore Hill. The Australian sharemarket clawed back after an early tumble but still closed lower, with energy stocks losing ground after oil prices plunged. The ASX winning streak has continued for a seventh straight day, with health stocks and Commonwealth Bank among the winners. The ASX closed flat on an eventful day, with Penfolds’ owners hitting a six-month high, while an FMG cost blow out that claimed scalps. Asian Stock Market: ASX 200, NZX 50 bucks the uptrend amid reflation worries ... Australian markets followed their neighbors even as trade optimism is likely to help Canberra. S&P ASX 200 (XJO) share price, charts, trades & the UK's most popular discussion forums. The Australian sharemarket suffered its worst weekly fall since April in a “choppy and unremarkable” trading session ahead of big news next week. A ‘less chaotic’ US Presidential debate and National Cabinet’s agreement to reopen almost all state borders by Christmas helped the ASX on Friday. The ASX has accepted the blame for a technology meltdown that caused massive disruptions to Australian sharemarkets. Oil stocks played a big role lifting the ASX higher, buoyed by more encouraging vaccine news and keeping the local market near nine-month highs. Shareholders pocketing recently achieved gains drove the ASX lower today, with banks among stocks sold down. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The Australian sharemarket started the week in positive territory, with the resources sector driving gains due to higher commodities prices. Read more Market data is provided and copyrighted by … An extremely volatile session on Wall Street, which hammered tech stocks, rubbed off on Australia’s sector, helping send the ASX lower. The Australian sharemarket pulled back after five straight days of gains, with some pointing to spikes in COVID-19 cases in the northern hemisphere. Publish your articles and forecasts in our website. So was Warren Buffett right in warning ‘be fearful when others are greedy, and greedy when others are fearful’? Fill in the form below to subscribe to our ASX newsletter. The ASX has leapt to heights not seen since late February before the coronavirus pandemic took hold, shrugging off negative leads from overseas markets. A takeover target, an outage-hit tech firm and a fast food favourite were among broad gains on the ASX, which surged higher today. The Australian share market ended its recent strong rally as ‘risk off’ sentiment crept back, with the benchmark index retreating below its key resistance level. ... As I write this article the ASX 200 is in freefall, down 170 points, and I wouldn’t be surprised for the selling to continue for the rest of the day. The ASX bounced back from Tuesday’s tumble, with buy now pay later stocks hitting record highs. Financial markets have overlooked the turmoil unfolding in the US, finishing the first week of the New Year in positive territory. The Australian sharemarket shrugged off a weak lead from Wall Street to close in the green, with shares in Afterpay reaching record highs. Timeline of significant events The ASX closed marginally lower but investors piled into travel stocks, encouraged by the coronavirus vaccine rollout. The ASX fell to a three-week low on the back of negative leads from overseas markets and weaker oil prices, which hit energy stocks. How about the rise and fall of the ASX? news.com.au — Australia’s leading news site>news.com.au — Australia’s leading news site, ASX in bumpy ride amid rising bond yields, ASX bounces back, new record for Zip, Afterpay, Banks drag ASX lower, Macquarie bucks trend, Wesfarmers hits record high but ASX slips, ASX falls amid US Senate election uncertainty, ASX slips as Sydney’s virus cluster grows, ASX scrapes higher for sixth straight day, Barely any gains on ASX despite end of recession, ‘It's on us’: ASX takes blame for meltdown, ASX edges higher despite election uncertainty, ASX bounces higher in ‘unconvincing’ seesaw, ASX tumbles on virus, US election worries, ‘Atrocious’: Revamped website’s ‘huge fail’, ASX firmly in the green on budget optimism, ASX sinks deeper into red after Trump diagnosis. The ASX closed barely changed after a jam-packed day of earnings season news, with investors applauding Telstra and Newcrest, but AMP plunged. The benchmark S&P/ASX 200 index eclipsed a milestone before pulling back, but the Australian sharemarket still closed at a seven-month high. Australian stocks ended Monday’s trading day on a seven-month high, despite weaker than expected figures coming out of China. The Australian sharemarket finished almost unchanged after a rollercoaster session as the all-important US election results trickled in. The Australian sharemarket seesawed before recouping a fraction of last week’s losses in an ‘unconvincing’ session as US election uncertainty remains. 2012 - The Australian Liquidity Centre (ALC) began operations in 2012. It is a market-capitalization weighted and float-adjusted index. As of 6:30am AEDT, futures in the ASX 200 were up 0.4 per cent to 6,609. The Australian sharemarket has ended the day stronger, riding the Democratic win in the Georgia election runoffs. The ASX was dragged lower by bank stocks but the group known as the ‘millionaire’s factory’ bucked the downward trend. Australian stock market news. S&P 500, HANG SENG, ASX 200, ASIA-PACIFIC MARKET WEEKLY OUTLOOK: Wall Street equities hovered near record highs with rising yields dampening sentiment; … The ASX gained ground, with massive spikes in buy-now-pay-later stocks as euphoria from one company’s deal spread through the sector. The Australian sharemarket was on track for its fifth straight day of gains but closed marginally lower after a late sell-off. Looking for more Stock Market Information? The ASX racked up its fourth straight day of gains and is on track for its fifth consecutive week in the green, with resources stocks among the winners. The Australian sharemarket closed substantially lower, with all major sectors losing ground and one company being ‘crucified’ for its full-year results. After demutualisation, the ASX was the first exchange in the world to have its shares quoted on its own market. ... Stock Picks. Optimism this week’s federal budget will contain strong measures to stimulate the economy pushed the Australian share market higher. Size and liquidity. The ASX pulled back from its recent stellar run, with Westpac, Domino’s Pizza and Rio Tinto among the big results lobbing in on an epic earnings season day. The ASX pulled back after its recent strong run, with Fortescue among the losers after being forced to release first-half profit guidance. On 7 July 2006 the Australian Stock Exchange merged with SFE Corporation, holding company for the Sydney Futures Exchange. The high percentage of market representation gives the index a dual function: I heard the stock market, or S&P/ASX 200 (), is about to crash; I should wait, right?This is the question I hear every time I introduce myself at a party, and say “I’m in finance. Depending on the index, the other major ASX indexes encompass a sample of the largest companies on the ASX, such as the largest 300 companies, 200 or even 50 largest companies listed on the ASX. Over the past week, in Australia the ASX 200 index fell by 1.8 per cent and the All Ordinaries index fell by 1.7 per cent. The ASX keeps surging, reaching an 11-month high, while last year’s roaring success story Afterpay has hit a fresh record. The ASX 200 added 55.70 points or 0.82% to 6818 on Wednesday, following declines of 0.4% in the previous session after official data showed the Australian economy advanced 3.1% qoq in Q4 of 2020, beating market expectations of 2.5% and growing for the second straight quarter, on massive monetary and fiscal aid. The local sharemarket has recovered from an early sell-off sparked by Senate election jitters in the US. I help people know which shares to buy and how to invest for their future.” With China’s intensifying trade war against Australia now seemingly targeting mining exports, resources stocks dragged the ASX lower. ... Why NIB Holdings is the top Performer on the ASX 200 Today? The ASX scraped higher to rack up a six-day winning streak despite a largely negative US lead. Big-name retailers and brands like JB Hi-Fi, Kogan and Breville surged after the Federal Budget boosted consumer spending prospects. management fee). The Australian share market closed slightly lower despite the extension of Federal Government support to the aviation sector boosting travel-related stocks. The Australian share market was already in negative territory before US President Donald Trump tweeted his COVID-19 diagnosis, then rapidly went even further south. The Market Herald – First with the news that moves markets. Direct access to our calendar releases and historical data. Nationwide News Pty Limited Copyright © 2021. The Australian sharemarket started the week dragged lower by tech and gold stocks, but higher oil prices boosted the energy sector. The index is comprised of the 200 largest ASX listed stocks and acts as the benchmark for Australian equity performance. The index is a broader market index unlike the ASX 50 index, which includes just the top 50 companies list on the ASX.It s the “go to” benchmark for large cap funds. A hopeful US stimulus package has prompted an upbeat end for Thursday’s local trading day, with Australian mining shares rallying. The S&P/ASX 200 is the most important stock market index which tracks the performance of 200 large companies based in Australia.